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Reach Subsea — Share Issue/Capital Change 2021
Jan 8, 2021
3725_rns_2021-01-08_4e10681e-30fa-4e49-88fa-e9b4c9af6afd.html
Share Issue/Capital Change
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1. Exercise of options
1. Exercise of options
Exercise of employee share options in Reach Subsea ASA ("the Company").
A participant in the Company's share option program has on December 31 2020 exercised a total number of 60,000 options. Following the share option exercise, the Board of Directors, pursuant to authorization granted by the company`s Annual General Meeting, has today resolved to increase the Company`s share capital by NOK 60,000 by issuing 60,000 new shares, of par value NOK 1. Following the increase the Company`s share capital is NOK 143,606,008 divided into 143,606,008 shares.
The options are exercised by primary insider Bård Thuen Høgheim (Chief Commercial Officer) at the strike price of NOK 1.75. After completion of the abovementioned transaction, the primary insider holds 450,625 shares in the Company.
The option program for employees ended 31.12.2020 and all unexercised options have now expired.
For further information, please contact: Birgitte W Johansen (CFO)